9 BEST Crypto Tax Software (2024)

Crypto tax software is a tool that allows you to prepare your taxes for your cryptocurrency assets. It allows you to calculate the profit and loss from cryptocurrency trading, calculate capital gains or losses, and take deductions on expenses.

In many cases, this sort of software also includes a complete crypto portfolio tracker and analysis tool to get a bird’ eye view of all your crypto holdings across many different exchanges and wallets in one centralized interface. Crypto tax software also helps you calculate and file your crypto taxes easily.

Following is a handpicked list of Top Crypto Tax Software with their popular features, key statistics, pros and cons, and website links. The list contains open-source (free) and commercial (paid) software. Read more…

Best Crypto Tax Software Reviews

Name	Free Trial	Audit Trail	Exchanges Supported	Link
👍 Koinly	Get 10% Off	Yes	350+ exchanges including Coinbase, Binance, Kraken, KuCoin, BitMex	Learn More
👍 CoinTracking	Lifetime Free Basic Plan	Yes	Bitbox, Binance, Bybit, FXT, Kraken, Kucoin, Uphold, Okex, Zerion, etc.	Learn More
CoinLedger	14 Day Money Back Guarantee	Yes	Coinbase, Binance, Kraken, Gemini, Celsius, Bittrex, Uphold, Bitstamp, Changelly, etc.	Learn More
Coinpanda	Lifetime Free Basic Plan	Yes	500+ including Coinbase, Binance, Kraken, KuCoin, BitMex, HitBTC, Gemini, etc.	Learn More
CoinTracker	Free 3,000 transactions	Yes	Binance, Bitfflnext, FTC, Okex, Bistamp, Deribit, CoinSpot, Cex, etc	Learn More

1) Koinly

Best for Automating tax reports

Koinly is a crypto tax software that helps you produce a crypto tax report with just a few minutes of work. It allows you to have a preview of your capital gains tax for free, and you can even track your expected capital gains on crypto over time rather than getting a surprise once tax season rolls around.

Koinly offers a crypto tax solution compatible with over 350 exchanges and 50+ wallets, covering over 6000 coins. It supports NFT and DeFi taxes, though NFTs require manual entry. With a user-friendly interface, Koinly supports the US, UK, Canada, Australia & many other countries.

Features:

• Automatically syncs your data from all sources.
• You can track your crypto assets & taxes.
• It helps you to find and fix issues with your transactions.
• This crypto tax tracking software allows You to track your portfolio across your wallets & accounts.
• Preview your capital gains on crypto.
• Allows you to download your tax documents.
• It supports audit trail, short and long capital gain calculation, cash flow analysis, and cost basis accounting.
• You can import and export in API or CSV file formats.
• All Guru99 Users Get 10% Off. Simply Click this Link and Get 10% off at checkout

Pricing

Koinly presents four pricing tiers: “Newbie” at $49, “Holder” at $99, “Trader” at $179, and “Pro” at $279 per tax year. Additionally, a free trial is available for users to test the platform’s features before purchasing.

Visit Koinly >>

Get 10% Off

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2) CoinTracking

Best Crypto Portfolio Tracker and Tax Calculator

CoinTracking analyses are crypto tax calculating that helps you to trade and helps you to generate real-time crypto reports on profit and loss, the value of your crypto coins. You will also get updated information about the realized and unrealized gains, reports for taxes, and much more.

CoinTracking is a crypto management tool that doesn’t support NFT and DeFi taxes; it integrates with exchanges like Bitbox, Binance & Kraken. Compatible with wallets such as Trezo, ADA & BNB, it tracks 16,465 coins, offering comprehensive crypto portfolio oversight.

Features:

• 1250+ CPAs & Corporate Clients
• 12 Years of Historical Data
• 25 customizable crypto reports
• Enables you to share your data with crypto tax advisors
• Direct sync with the blockchain
• This best crypto tax app offers 2-factor authentication
• Instantly share your data with your accountant
• Crypto tax laws for 100+ countries
• It supports audit trail, short and long capital gain calculation, cash flow analysis, and cost basis accounting.
• You can import and export in PDF, CSV, API, XML, & JSON file formats.

Pricing

CoinTracking offers four pricing tiers: a lifetime Free Basic Plan, Pro at $10.99/month, Expert at $16.99/month, and Unlimited at $54.99/month, catering to diverse tracking needs and budgets.

Visit CoinTracking >>

Lifetime Free Basic Plan

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3) CoinLedger

Best for calculating your crypto taxes in the USA

CoinLedger offers an additional functionality focused on crypto income, making it a preferred solution for many crypto users who work in the bitcoin and, more significantly, the cryptocurrency industry. This crypto tax advisor guides your clients through a step-by-step process for importing their cryptocurrency transactions.

CoinLedger supports major exchanges like Coinbase, Binance, Kraken & Gemini, among others. It is compatible with wallets such as Exodus, Ledger & Trezor. While it doesn’t cater to NFT and DeFi taxes, it serves users in the USA, UK, Canada, and more.

Features:

• Offers 100% Money-back guarantee
• You can deal with crypto that you obtained through mining, staking, gifts, airdrops, and forks
• Practical tax calculator
• You can import your transaction data easily from different crypto platforms
• Form 8949 & Income Reports
• It offers resources to increase your knowledge about the crypto world
• This crypto tax tracker Provides complete audit support
• Offer tax-loss harvesting tool
• It supports audit trail, short and long capital gain calculation, cash flow analysis, and cost basis accounting.
• You can import and export in API, or CSV file formats.

Pricing

CoinLedger offers four pricing tiers: Hobbyist at $49, Day Trader at $99, High Volume at $199, and Unlimited at $299. While there’s no free trial, a 14-day money-back guarantee is provided.

Visit CoinLedger >>

14 Day Money Back Guarantee

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4) Coinpanda

Best for Its speed to calculate your taxes and capital gains.

Coinpanda is a leading solution for crypto tax calculations and filing such taxes with authorities. It has direct integration with more than 500+ exchanges, supporting over 12,000+ cryptocurrencies, wallets, and blockchains.

Coinpanda integrates with 500+ platforms, including Coinbase, Binance, and Kraken. It is compatible with 75 wallets, including AdaLite, Electrum, Ledger & Trezor. It tracks 10,000+ coins and supports NFT and DeFi taxes. Available in 65+ countries, it caters to US, UK, Australia, Germany, and beyond users.

Features:

• All your data is automatically imported.
• It easily imports the historical transactions using CSV or API keys.
• It provides you with a tax-loss harvesting tool, using which you can pay fewer taxes.
• It supports margins trading and futures.
• Supports NFTs, DeFi, and staking too.
• It is available in 65+ countries.
• It offers portfolio tracking and allows you to gain insights on personal dashboards, profit loss graphics, and 12,000+ coins.
• Offers free tax reports preview.
• It supports audit trail, short and long capital gain calculation, cash flow analysis, and cost basis accounting.
• You can import and export in API, or CSV file formats.

Pricing

Coinpanda offers four pricing tiers: a Free plan at $0, Holder at $49, Trader at $99, and Pro at $189. Additionally, users can benefit from a lifetime Free Basic Plan as a trial option.

Visit Coinpanda >>

Lifetime Free Basic Plan

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5) CoinTracker

Best for Portfolio value tracking feature.

CoinTracker is an easy-to-use crypto tax software that helps you to start tracking your crypto portfolio, investment performance, and taxes by adding your first wallet or exchange. It provides support for 8000+ crypto assets and 300+ exchanges, and it also enables you to export your crypto tax reports to TurboTax or TaxAct.

CoinTracker doesn’t support NFT and DeFi taxes but integrates with exchanges like Binance, Okex, and Deribit. It supports multiple wallets such as Trezo, ADA, BNB, DASH, TRX, XRP, MATIC & AVAX. The platform offers full support for the US, UK, Canada, and Australia, with partial support elsewhere, and tracks over 10 coins.

Features:

• Accurately tracking cryptocurrency investment performance and taxes
• You can calculate your capital gains
• You can view your market value, investment performance, and portfolio allocation in real time
• Enables you to tax-loss harvest your portfolio to save thousands per year
• You can become fully compliant with cryptocurrency tax rules
• It supports audit trail, short and long capital gain calculation, cash flow analysis, and cost basis accounting.
• You can import and export in CSV and Excel file formats.

Pricing

CoinTracker offers a Free plan and paid tiers: Hobbyist starting at $59, Premium from $199, and Unlimited (contact support for pricing). Users can enjoy a free trial covering up to 3,000 transactions.

Visit CoinTracker >>

Free up to 3,000 transactions

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6) TurboTax

Best for stocks, crypto, bonds, ESPPs and more

TurboTax is one of the leading tax preparation software that allows you to file your taxes confidently and accurately. This crypto tax software offers a user-friendly interface for processing and electronically filing tax returns for individuals and businesses.

TurboTax integrates with major exchanges like Robinhood, Coinbase, Gemini, and Binance.US, among others. While it doesn’t support wallets directly, it can handle up to 4,000 cryptocurrency transactions simultaneously. The platform accommodates NFT & DeFi taxes when held for investment & is tailored for users in the United States.

Features:

• It enables you to find the most tax deductions and credits for your situation.
• It provides a wide range of products to help simplify your tax return, from free software to tax preparation services.
• Provides the tools you need to complete your tax return.
• It uses the latest tax laws to give you a 100% accurate return.
• You will get the help of an expert to file taxes on your behalf of you and send you an email when your return is accepted.
• It supports audit trail, short and long capital gain calculation, cash flow analysis, and cost basis accounting.
• You can import and export in API, or CSV file formats.

Pricing

TurboTax offers a range of pricing options: The Basic plan is priced at $40, Deluxe at $70, Premier at $105, Home & Business at $120, and the Business tier is available for $180.

Visit TurboTax >>

Lifetime Free Basic Plan

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7) Awaken

Best for track and file your taxes, from Bitcoin to DeFi to NFTs

Awaken is crypto tax software that automatically helps you classify and calculate your crypto taxes in the USA. It offers tools to analyze your portfolio to make better moves in the future.

Awaken integrates with exchanges like Binance, Kucoin, and Kraken. Upload your wallets and view your tax summary for free. You only pay when you want to download your tax reports.

Features:

• It helps you to explore your crypto market.
• Calculates your gains and losses.
• Provide portfolio analysis tools.
• Keeps users informed about tax regulations and industry news
• You can easily print crypto tax reports at any time.
• Only requires emails to sign up, no wallets or private keys

Pricing

Awaken offers five pricing tiers:

• Up to 150 transactions: $99.00
• Up to 1000 transactions: $199.00
• Up to 3000 transactions: $399.00
• Up to 5000 transactions: $599.00
• For unlimited transactions: $799.00

Visit Awaken >>

Free up to 25 Transactions

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8) CryptoTax Calculator

Best for complex tax calculations

Crypto Tax Calculator performs tax calculations with a high degree of accuracy. It enables you to generate tax reports for all financial years. It is one of the most accurate crypto tax software solutions for investors and accountants. The site offers a full breakdown of each calculation to understand precisely how your taxes have been calculated.

CryptoTax Calculator supports NFT and DeFi taxes and integrates with exchanges like Binance, Coinbase & Kucoin. It is compatible with different wallets such as Electrum & BlockFi, tracking over 100 coins. The platform serves users in countries including the USA, UK, Greece, Japan & Sweden.

Features:

• This one of the best crypto tax calculators offers an algorithm to calculate these and generate tax reports for you.
• Directly upload your transaction history via CSV or API integrations.
• It helps you effortlessly import the data into your tax software or forward it to your accountant.
• It is one of the best tax software for cryptocurrency that Covers NFTs, DeFi & DEX trading
• IRS Form 8949 & TurboTax Support.
• Automatically categorize transactions.
• It supports audit trail, short and long capital gain calculation, cash flow analysis, and cost basis accounting.
• You can import and export in PDF, and CSV file.

Pricing

Taxbit offers three pricing tiers: Basic at $50/year, Plus at $175/year, and Pro at $500/year. Unfortunately, there isn’t a free trial option available for potential users.

Visit CryptoTax >>

30-Day Money Back Guarantee

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9) TokenTax

Best for integrations with popular exchanges

TokenTax is a cryptocurrency tax software made for calculating complicated taxes for your crypto exchanges so that you can file your taxes. It offers automation features to make tax reporting extremely simple and easy to handle.

TokenTax handles NFT and DeFi taxes, integrates with exchanges like Binance, Coinbase &Gemini, and supports wallets such as Bitmex and Bitpay. The platform tracks over 100 cryptocurrencies, serving a wide crypto audience.

Features:

• Allows you to automatically fill out your crypto tax forms for easy cryptocurrency tax filing.
• Dashboard tells you exactly about your unrealized gains and losses.
• You can keep track of your capital gains and trading performance.
• Tax-loss harvesting dashboard.
• It helps you to integrate automatically with exchanges to gather your data.
• You can calculate as well as file for your taxes.
• It supports audit trail, short and long capital gain calculation, cash flow analysis, and cost basis accounting.
• You can import and export in CSV file.

Pricing

TokenTax provides a lifetime Free Basic Plan for users. Their paid options include three main tiers: Basic at $65 per tax year, Premium at $199, and the Pro plan priced at $799 annually.

Link: https://tokentax.co/

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10) ZenLedger

Best for Tax professionals

ZenLedger is a crypto tax software that supports integration with more than 400 exchanges, including 30 Defi Protocols. With more than 15K customers, this crypto tax calculating application simplifies crypto tax to investors and tax professionals.

ZenLedger supports NFT and DeFi taxes, integrating with exchanges like Binance and Coinbase Pro. It’s compatible with wallets such as Ledger and Trezor, covering 400+ exchanges, 40+ blockchains, and 20+ DeFi protocols. It serves users across the globe.

Features:

• Uses your cryptocurrency transaction history to generate a Schedule easily.
• It helps you to calculate your crypto profits and losses with the help of your transaction history.
• You can easily integrate with TurboTax.
• You can have access to a tax pro with all its plans.
• Tax-loss harvesting tools.
• It supports audit trail, short and long capital gain calculation, cash flow analysis, and cost basis accounting.
• You can import and export in CSV, and API file.

Pricing

ZenLedger offers a free trial and four pricing tiers: a Free plan, Starter at $49/year, Premium at $149/year, and the Executive package priced at $399/year, catering to various user needs.

Link: https://zenledger.io/

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11) Taxbit

Best for Integration support of Coinbase and PayPal.

TaxBit is an online crypto tax application that helps you connect with the consumer and enterprise cryptocurrency tax experiences. One of the cheapest crypto tax software uses automation technology to sync your data and gives you final tax reports without any human intervention.

Taxbit supports NFT and DeFi taxes, though acquisition data is required. It integrates with exchanges and wallets like BTC, ETH, and DOGE. The platform supports all coins from these exchanges and caters specifically to the USA.

Features:

• It provides supports more than 150 exchanges and 2000+ currencies.
• Offers dashboard that shows you your tax position, asset balances, and unrealized profits/losses.
• Offers features like tax-loss harvesting and portfolio performance analysis.
• Designed by CPAs and tax attorneys.
• It supports audit trail, short and long capital gain calculation, cash flow analysis, and cost basis accounting.
• You can import and export in All .XLS and CSV file.

Pricing

Taxbit offers three pricing tiers: Basic at $50/year, Plus at $175/year, and Pro at $500/year. Unfortunately, there isn’t a free trial option available for potential users.

Link: https://taxbit.com/

What is Crypto Tax Software?

Crypto tax software is a computer program that makes it easier for you to handle the taxes associated activities in the cryptocurrency market.
In several cases, this sort of software will also include a complete crypto portfolio tracker, which allows you to get a bird’ eye view of all your crypto holdings across many different exchanges and wallets in one centralized interface.

How does Crypto Tax Software Work

Crypto tax software tools use various connections with cryptocurrency exchanges and wallets. The integration between the software apps, exchanges, and crypto-wallets makes this process seamless:

Step 1) Add your exchange accounts to the software via API or CSV files.
Step 2) You can connect your blockchain wallets using public keys.
Step 3) After that, you can preview your capital gains on your crypto.
Step 4) The crypto tax software enables you to download the tax documents, such as Form 8949, Schedule 1, and Schedule D.

Some cryptocurrency tax software tools also allow you to download more comprehensive reports of your portfolio’s performance and overall transactions.

How to Choose the Best Cryptocurrency Tax Software – Buyer’s Guide

You need to consider a few attributes when purchasing the best cryptocurrency software for tax preparation.

Step 1) Your crypto tax software should allow uploading multiple types of CSV files and data, as well as connecting APIs and wallets seamlessly.

Step 2) You should look for the best cryptocurrency tax software which ensures the safety of your data.

Step 3) The software platform should automatically generate needed tax forms and support more advanced tax situations.

Step 4) It should allow file exporting to all major tax filing platforms, like TaxAct or TurboTax.

Step 5) The cryptocurrency and bitcoin tax software should come with solid customer support.

Step 6) You should check the data transfer capacity of the software.

Step 7) You should also look for software with adequate bandwidth to handle your cryptocurrency transactions.

Step 8) Lastly, you should look for the number of cryptocurrency tax software integrations.

How to file Crypto Taxes in USA?

Here are five simple steps to file your Crypto tax:

Step 1) First, evaluate the market value of the cryptocurrency on the day bought/sold.

Step 2) Determine the correct taxable event.

Step 3) Determining the tax basis.

Step 4) Keep a provision for Bitcoin loss.

Step 5) Reporting of income and capital gains on crypto.

What is FIFO vs LIFO?

FIFO and LIFO are short-form names for inventory systems. In a FIFO system, inventory is sold on a first-in, first-out basis, which means the old stock is sold first, while in a LIFO system, the last in is the first out.

For example, your grocery store uses FIFO system that the fresher bread or milk gets sold first. The same holds for cryptocurrency, and most traders use a FIFO inventory, selling their oldest crypto first.

However, you can use either system; FIFO typically offers the most tax benefit. A FIFO system allows you to sell long-term assets before short-term ones, since long-term gains are taxed at a lower rate.

Which of your Crypto activities are taxable?

Following are Crypto activities are Taxable:

• Exchanging your cryptocurrency for another cryptocurrency.
• Selling your crypto for fiat (USD, EURO, GBP, AUD, etc.
• You can use your crypto assets to pay for goods or services.
• When you receive cryptocurrency as earnings through mining or as payment for services offered to a third party.

How do I keep track of Crypto Tax?

To report your taxes, you must keep track of the cryptocurrency name, the date you’ve in your portfolio. You should also remember the date you’ve sold or traded in a crypto exchange.

It allows you to keep track of the cost basis, gains, sales prices, and other relevant information. The best crypto tax calculator also helps you keep track of all this data for you and presents you with accurate and downloadable tax reports you can file with the IRS.

How to avoid paying taxes on Crypto?

Here are some essential strategies to minimize your tax burden.

• You can use a Roth IRA to purchase paper crypto in bitcoin and crypto ETFs and trusts (such as Purpose Investment’s BTC ETF). This enables you to use the money you’ve already paid taxes to invest in Bitcoin to avoid capital gains).
• If it is a year ends and you are losing money on your crypto positions, sell your crypto, book your loss, and then buy back. This will undoubtedly reduce taxes.
• Abandon your citizenship and move to another country that doesn’t tax capital gains.

FAQs

Best Crypto Tax Software Tools

Name	Free Trial	Audit Trail	Exchanges Supported	Link
👍 Koinly	Get 10% Off	Yes	350+ exchanges including Coinbase, Binance, Kraken, KuCoin, BitMex	Learn More
👍 CoinTracking	Lifetime Free Basic Plan	Yes	Bitbox, Binance, Bybit, FXT, Kraken, Kucoin, Uphold, Okex, Zerion, etc.	Learn More
CoinLedger	14 Day Money Back Guarantee	Yes	Coinbase, Binance, Kraken, Gemini, Celsius, Bittrex, Uphold, Bitstamp, Changelly, etc.	Learn More
Coinpanda	Lifetime Free Basic Plan	Yes	500+ including Coinbase, Binance, Kraken, KuCoin, BitMex, HitBTC, Gemini, etc.	Learn More
CoinTracker	Free 3,000 transactions	Yes	Binance, Bitfflnext, FTC, Okex, Bistamp, Deribit, CoinSpot, Cex, etc	Learn More